Well either this Realtor is super smart or just lucky, while he does not say prices will always rise, he does say the longer a buyer waits the more difficult it will be to buy a home. In some ways thats true, if back a couple of years ago you could borrow $500K at 4.5% = $2,500/mo payment and prices drop say 10% to $450K but rates are now at 6.25% = $2,700/mo payment, so in that respect he is right takes a bigger paycheck to buy the place. I dont know about downtown SD but prices state wide have not yet dropped 10% have they?
